The applicant for the PR, besides having to prove that he has indeed purchased real estate worth a minimum of 300.000 Euros must also provide documentation demonstrating the following:
a) Clean criminal record for the applicant and his/her spouse.
b) Secured annual income coming from abroad to Cyprus. This should be a minimum of 30.000 Euros for the applicant and an additional 5.000 for every dependent of the applicant.
c) A 3 year fixed term deposit with a Cypriot bank for a minimum of 30.000 Euros.
d) Health Insurance Policy for the applicant and his dependents.
e) Official statement that the applicant does not intend to work in Cyprus.
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